Problem $8-14$ Using Treasury Quotes

Locate the Treasury bond ir $$20,000.$ naturing in August $2050.$ Assume a par value of

a$.$ What is its coupon rate? $($Enter your answer as a percent rounded to $3$ decimal places, e$.$g$.,32\mathrm{.}161.)$

b$.$ What is its bid price in dollars? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What was the previous day's asked price in dollars? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$.$ Coupon rate

b$.$ Bid price

c$.$ Previous day's asked price

Figure $8\mathrm{.}5$ Sample Wall Street Journal U$.$S$.$ Treasury Bond Prices

$\backslash$table$[[$Maturity$,$Coupon,Bid,Asked,Change,$\backslash$table$[[$Asked$],[$Yield$]]],[\frac{7}{15}\frac{?}{2021},2\mathrm{.}625,102\mathrm{.}062,102\mathrm{.}066,-0\mathrm{.}002,0\mathrm{.}134],[\frac{2}{28}\frac{?}{2022},1\mathrm{.}125,101\mathrm{.}146,101\mathrm{.}152,-0\mathrm{.}004,0\mathrm{.}15],[\frac{1}{15}\frac{?}{2023},1\mathrm{.}5,103\mathrm{.}056,103\mathrm{.}062,-0\mathrm{.}016,0\mathrm{.}159],[\frac{8}{15}\frac{?}{2024},2\mathrm{.}375,108\mathrm{.}162,108\mathrm{.}166,-0\mathrm{.}022,0\mathrm{.}219],[\frac{9}{30}\frac{?}{2025},3,113\mathrm{.}214,113\mathrm{.}22,-0\mathrm{.}042,0\mathrm{.}293],[\frac{7}{31}\frac{?}{2026},1\mathrm{.}875,108\mathrm{.}262,108\mathrm{.}266,-0\mathrm{.}03,0\mathrm{.}368],[\frac{1}{31}\frac{?}{2027},1\mathrm{.}5,106\mathrm{.}282,106\mathrm{.}286,-0\mathrm{.}002,0\mathrm{.}412],[\frac{8}{15}\frac{?}{2028},2\mathrm{.}875,118\mathrm{.}116,118\mathrm{.}126,-0\mathrm{.}03,0\mathrm{.}517],[\frac{2}{15}\frac{?}{2029},5\mathrm{.}25,139\mathrm{.}054,139\mathrm{.}064,-0\mathrm{.}03,0\mathrm{.}515],[\frac{5}{15}\frac{?}{2030},0\mathrm{.}625,99\mathrm{.}316,100\mathrm{.}006,-0\mathrm{.}72,0\mathrm{.}623],[\frac{8}{15}\frac{?}{2030},0\mathrm{.}625,99\mathrm{.}246,99\mathrm{.}256,-0\mathrm{.}046,0\mathrm{.}645],[\frac{2}{15}\frac{?}{2031},5\mathrm{.}375,148\mathrm{.}094,148\mathrm{.}104,-0\mathrm{.}086,0\mathrm{.}606],[\frac{2}{15}\frac{?}{2036},4\mathrm{.}5,153\mathrm{.}074,153\mathrm{.}094,-0\mathrm{.}062,0\mathrm{.}824],[\frac{5}{15}\frac{?}{2038},4\mathrm{.}5,158\mathrm{.}102,158\mathrm{.}122,-0\mathrm{.}082,0\mathrm{.}922],[\frac{11}{15}\frac{?}{2039},4\mathrm{.}375,158\mathrm{.}036,158\mathrm{.}056,-0\mathrm{.}068,1\mathrm{.}031],[\frac{8}{15}\frac{?}{2040},1\mathrm{.}125,99\mathrm{.}266,99\mathrm{.}286,-0\mathrm{.}016,1\mathrm{.}131],[\frac{11}{15}\frac{?}{2041},3\mathrm{.}125,137\mathrm{.}004,137\mathrm{.}024,-0\mathrm{.}032,1\mathrm{.}151],[\frac{8}{15}\frac{?}{2042},2\mathrm{.}75,129\mathrm{.}304,130\mathrm{.}004,-0\mathrm{.}718,1\mathrm{.}193],[\frac{5}{15}\frac{?}{2043},2\mathrm{.}875,132\mathrm{.}136,132\mathrm{.}156,-0\mathrm{.}01,1\mathrm{.}231],[\frac{5}{15}\frac{?}{2044},3\mathrm{.}375,143\mathrm{.}092,143\mathrm{.}112,-0\mathrm{.}008,1\mathrm{.}256],[\frac{8}{15}\frac{?}{2045},2\mathrm{.}875,133\mathrm{.}186,133\mathrm{.}206,-0\mathrm{.}006,1\mathrm{.}294],[\frac{11}{15}\frac{?}{2046},2\mathrm{.}875,134\mathrm{.}234,134\mathrm{.}254,0\mathrm{.}02,1\mathrm{.}304],[\frac{2}{15}\frac{?}{2047},3,137\mathrm{.}286,137\mathrm{.}306,0\mathrm{.}016,1\mathrm{.}301],[\frac{5}{15}\frac{?}{2049},2\mathrm{.}875,136\mathrm{.}314,137\mathrm{.}014,0\mathrm{.}018,1\mathrm{.}321],[\frac{8}{15}\frac{?}{2050},1\mathrm{.}375,100\mathrm{.}202,100\mathrm{.}222,0\mathrm{.}02,1\mathrm{.}347],[S0$urce:$wwww5,0m,,,,]]$

Source:

www$.$wsj$.$com, August $24,2020.$